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they had this hurricane sandy relief mess, they're frustrated with baoehner. they tried to take a stand, but the biggest take away though nine republicans voted against boehner, no, ma'minated allen w kevin mccarthy voted for boehner, there's no real challenger to boehner. >> was this a near death experience? in other words, how tough did boehner worry about this? i know his public visage was very calm, he's not worried, you're quite right the other parts of the leadership were for him. how tough -- is this going to have an impact on mr. boehner's policies, does he become more conservative, robert costa? what happens here? >> he's trying to become more conservative. he went in front of the caucus and pledged not to have closed door meetings with the president any longer. he won't have the kind of grand bargain discussions anymore with the president. that was a real important reason he won a lot of conservative votes today, but he only won 220 votes so it's line herding cats in 2013. what is he going to do when it comes to the debt ceiling? i'm not sure he can
they had this hurricane sandy relief mess, they're frustrated with baoehner. they tried to take a stand, but the biggest take away though nine republicans voted against boehner, no, ma'minated allen w kevin mccarthy voted for boehner, there's no real challenger to boehner. >> was this a near death experience? in other words, how tough did boehner worry about this? i know his public visage was very calm, he's not worried, you're quite right the other parts of the leadership were for him....
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. >>> the house finally voted on the delayed hurricane sandy relief bill today. we have the results for you and some other news headlines just ahead. please stay with us. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. get started at legalzoom.com today. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this
. >>> the house finally voted on the delayed hurricane sandy relief bill today. we have the results for you and some other news headlines just ahead. please stay with us. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to...
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the senate passed the sandy aid bill 68 days since superstorm sandy pounded the northeast. when can people expect to get it? >> hi, mandy, they just passed that measure in the united states senate a few seconds ago. they did it by voice vote and that means that 9.7 billion is going to things inial flood insurance program. that's going to help about 115,000 folks who have pending applications for flood damage in with the national flood insurance program. y partial payments so ho have far for the damage that they have sustained during the storm. now what's interesting here is this was just sort after down payment bill that passed the senate and house today. what they are talking about doing later in the month on january 15 to be specific, is bringing up another set of bills for additional sandy relief. let me walk you through what is next here. it gets complicated. there is political wrangling here over the bill because a lot of conservatives don't like the spending in there. so the house will vote on $17 billion sandy relief bill on january 15th and they will also consider a
the senate passed the sandy aid bill 68 days since superstorm sandy pounded the northeast. when can people expect to get it? >> hi, mandy, they just passed that measure in the united states senate a few seconds ago. they did it by voice vote and that means that 9.7 billion is going to things inial flood insurance program. that's going to help about 115,000 folks who have pending applications for flood damage in with the national flood insurance program. y partial payments so ho have far...
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Jan 11, 2013
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first up, the sandy relief bill is expected to be voted on next week. a lot of people complaining about pork in the package. eamon, is there a lot of pork in it? let's start with you. >> well, there's a lot of stuff in it. a lot of spending. the definition of pork depends on who is criticizing the spending. i look at this bill last night and you get a sense of just how epic the damage was from hurricane sandy and also a sense of how big the federal government is and the footprint of the federal government and the impacted area. let me run through a couple items on this list of what's in here. they will spend about $3.8 million at the domestic nuclear detection office to replace certain equipment at the department of homeland security for detecting nuclear emissions. they will also spend money, about $3 million at safety and environmental enforcement on oil spill research. nasa is getting $15 million for repairs. even the army is getting $1.31 million for procurement of ammunition. there is just a lot of very random stuff in here. it gives you a sense of
first up, the sandy relief bill is expected to be voted on next week. a lot of people complaining about pork in the package. eamon, is there a lot of pork in it? let's start with you. >> well, there's a lot of stuff in it. a lot of spending. the definition of pork depends on who is criticizing the spending. i look at this bill last night and you get a sense of just how epic the damage was from hurricane sandy and also a sense of how big the federal government is and the footprint of the...
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that will all be for near term and long-term sandy relief. they will send that over to the senate where it's unclear what will happen. the senate could amend it. could pass it or send it back to the house for conference committee vote. entirely unclear what the politics of that will be. a lot of folks are upset with the new spending and they are pla areally upset with what they saw in the original senate bill in the last congress ending earlier this week which had spending they thought was unrelated. take a look what the was in that bill that got everybody upset on the conservative side including $150 million in aid for ground fisherman in the northeast. i had to look up what a ground fisherman is. that's fishing for fish that float near the bottom of the ocean. also $2 million to repair roofs on the smithsonian buildings in d.c. $23 million for planting trees. h ' $41 billion for base repair, including in guantanamo bay cuba. that is spending people rejected to on the house side, saying those items are not included on the bill. it is not at
that will all be for near term and long-term sandy relief. they will send that over to the senate where it's unclear what will happen. the senate could amend it. could pass it or send it back to the house for conference committee vote. entirely unclear what the politics of that will be. a lot of folks are upset with the new spending and they are pla areally upset with what they saw in the original senate bill in the last congress ending earlier this week which had spending they thought was...
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you also may get some sandy hiring, hurricane sandy hiring on the other side of this. so those are some of the reasons for optimism on the other side the nfid numbers, the small business numbers have not been good. they weren't good inside adp and they weren't good for the nfib report. so those are reasons for pessimism. right now i think the street is looking for 160, and maybe a little bit more given the adp numb number. >> how about you, steve, what are you looking for? >> i think 160, 170 seems about right. we did 146 last time around. i don't expect the government to be losing too many jobs this time around. i'm looking for that to kind of add, we've had a huge decline in state and local employment. i'm hoping that that's sort of come to an end here. what i'm a little bit confused about is manufacturing. because the ism manufacturing numbers look like they were pretty good. but inside adp, they were negative. so i'm confused. the other thing i'm confused about is you had this kind of lackluster capital spending. capital spending and jobs usually go together pretty
you also may get some sandy hiring, hurricane sandy hiring on the other side of this. so those are some of the reasons for optimism on the other side the nfid numbers, the small business numbers have not been good. they weren't good inside adp and they weren't good for the nfib report. so those are reasons for pessimism. right now i think the street is looking for 160, and maybe a little bit more given the adp numb number. >> how about you, steve, what are you looking for? >> i...
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votes to pass the 9.7 billion sandy aid bill. they've just finished voting. the vote clock wound down. now we move on to january 15th where they'll debate a much bigger package. the fight over that one is just beginning. >> eamon javers, thank you for keeping us updated. >>>? just a few minutes time europe will close. we'll have the details on the impact on the u.s. session, right after this. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> let's have a look at how re traded through the day. you can see they did move fractionally higher as the data came through. still obviously a huge debate about what the federal reserve is going to do moving forward. we actually saw that, of co
votes to pass the 9.7 billion sandy aid bill. they've just finished voting. the vote clock wound down. now we move on to january 15th where they'll debate a much bigger package. the fight over that one is just beginning. >> eamon javers, thank you for keeping us updated. >>>? just a few minutes time europe will close. we'll have the details on the impact on the u.s. session, right after this. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq,...
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we look forward to what we hope will be quick congressional action on a full sandy aid bill, now, not next week. >> that bill expected to be voted on on the 15th. he also said new jersey will never forget, never stand silent while their citizens are, in his words, being shortchanged. brian. >> that's my governor, bertha, i like to hear it. thank you very much. appreciate it. >>> still ahead, cutting the chord, why you might catch a break when others just say no to cable. >> the web is all atwitter about one big -- that came out last night. >> what's that? >> came out of the championship last night. here is the hint. it's got nothing to do with the fighting irish. a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most sta
we look forward to what we hope will be quick congressional action on a full sandy aid bill, now, not next week. >> that bill expected to be voted on on the 15th. he also said new jersey will never forget, never stand silent while their citizens are, in his words, being shortchanged. brian. >> that's my governor, bertha, i like to hear it. thank you very much. appreciate it. >>> still ahead, cutting the chord, why you might catch a break when others just say no to cable....
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Jan 7, 2013
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man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >>> apple may be the most valuable tech econocompany worl it is second place in the smartphone world. samsung dominating. so, who has the momentum in mobile? joinings now is the ceo of at&t mobility. he's now to in las vegas for the annual consumer electronics show. ralph, great to speak with you. >> great to be out here at ces once again. >> i'm sure it's a very exciting time. i want to ask you about the smartphone wars. recently, some doubts about the momentum of the iphone 5, with deutsche bank coming out with a note earlier this week, questioning the momentum, month on month in terms of iphone 5 sales. what are you seeing on the front lines at at&t? >> well, i don't want to specifically co
man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >>> apple may be the most valuable tech econocompany worl it is second place in the smartphone world. samsung dominating....
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like most people, my wife and i were in shock to watch what happened in sandy hook. i immediately signed an executive order, we've got a school safety task force beginning to meet next week. i'm focusing on mental health, our school resource officers in school safety. and maybe some tougher penalties for firearms violations. but i don't think you'll see a lot of gun control bills in virginia, we're going to do what works and that's keeping kids in safe -- keep them safe in school with policies that are proven. >> do you reckon you're going to oppose what the white house is going to put out? >> i've got to wait and see what they're going to do. unfortunately, there was some immediate reaction by gun control advocates, i think, unfortunately to use this tragedy and -- in sandy hook as a reason to advocate any number of things that didn't have much to do with the facts of the case. we're going to do reasonable things. i think mental health is a big part of this. we went through this six years ago with the tragedy at virginia tech. we worked together on a bipartisan basi
like most people, my wife and i were in shock to watch what happened in sandy hook. i immediately signed an executive order, we've got a school safety task force beginning to meet next week. i'm focusing on mental health, our school resource officers in school safety. and maybe some tougher penalties for firearms violations. but i don't think you'll see a lot of gun control bills in virginia, we're going to do what works and that's keeping kids in safe -- keep them safe in school with policies...
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and then also, the quarter's going to include sandy. it's going to include the election. it's going to include the cliff. so there are going to be a flurry of outliers out there. >> i do like that the ceo has never blamed politics for the miss. it's always been the commodity occurrences. those are the question marks. you see iron come up in price, copper get strong. we've not seen aluminum get strong. aerospace a little bit stronger, construction a little bit stronger. remember, they did win the back of the ipad. that is the alcoa back there. they've got new bottles for coca-cola, but they make aluminum. and aluminum is in glut. exciting as the story should be, people get let down. look, i thought -- i talked about monsanto. i was wrong. that didn't come in. i do believe you get a moment to buy alcoa. it will only be a matter of time. they close factories, smelters in italy, and in spain. can you imagine the political pressure that klaus was under not to close those but he took the tough medicine. one day it will matter, that huge plant in the middle east will matter. alc
and then also, the quarter's going to include sandy. it's going to include the election. it's going to include the cliff. so there are going to be a flurry of outliers out there. >> i do like that the ceo has never blamed politics for the miss. it's always been the commodity occurrences. those are the question marks. you see iron come up in price, copper get strong. we've not seen aluminum get strong. aerospace a little bit stronger, construction a little bit stronger. remember, they did...
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Jan 9, 2013
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man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a w
man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing...
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i love this one because of the housing recovery as well as the fact that sandy rebuilding is pulling more and more demand on the lumber side. i love weyerhauser. >> also a five-year high, financial services firm announcing last night it is consolidating its work force. you've been talking a lot about this stock. >> it is good for shareholders. excellent job again on the expense side of the ledger here. american express work had it and it will continue to do so. >> not so fast mr. weiss. traders are quick but not always right. if you've been watching the show, you've heard steve making big bets on macy's. let's take a listen. >> they've got momentum. stocks have been frozen time between 37 and 40. i think we'll see it break out at this point, very attractive at about 11 times earnings. i think this is one you have to own. you can put it away. i stuck with it. sales for the season. i think this is one of the highest quality retailers out there. i would still buy it. >> macy's is down 9% since that call. what's the problem with macy's? you love it so much, what's going on with the stock
i love this one because of the housing recovery as well as the fact that sandy rebuilding is pulling more and more demand on the lumber side. i love weyerhauser. >> also a five-year high, financial services firm announcing last night it is consolidating its work force. you've been talking a lot about this stock. >> it is good for shareholders. excellent job again on the expense side of the ledger here. american express work had it and it will continue to do so. >> not so fast...
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man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. get started at legalzoom.com today. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my.
man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an...
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topic we felt we were also obliged to ask him about a developing national story regarding superstorm sandy and a staten island couple whose home was destroyed. as a result, all state has offered $10,000 on their claim because the insurer feels the home was destroyed due to flooding. the couple maintains it was wind that took their home. in the meantime, all state has used images of this couple's destroyed home in commercials about its hurricane response, and the couple is now considering legal action as a result. well, mr. wilson cancelled his appearance with us when he learned that this story would come up during our interview. we would like to say he's always welcome here on the "closing bell" and on cnbc in the future. we will take a break now. >> long-term trend or a one dark week wonder? google up about 4% this week on heels of its antitrust victory. should you seek out the stock in the google trade coming up. >>> also, is goldman sachs risking further damage to its brand? the investment bank's board accelerated compensation to save top executives millions in taxes before the fiscal c
topic we felt we were also obliged to ask him about a developing national story regarding superstorm sandy and a staten island couple whose home was destroyed. as a result, all state has offered $10,000 on their claim because the insurer feels the home was destroyed due to flooding. the couple maintains it was wind that took their home. in the meantime, all state has used images of this couple's destroyed home in commercials about its hurricane response, and the couple is now considering legal...
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man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >> on september 15, 2008, lehman brothers, the fourth-largest investment bank in the world declared bankruptcy. it was the biggest bankruptcy in history, one that sparked chaos in the financial markets and nearly brought down the global economy. the federal bankruptcy court appointed anton valukas, a prominent chicago lawyer and former united states attorney, to conduct an investigation to determine what happened. in march 2010, the valukas report found there was enough evidence to bring a case against senior lehman officials and one of the nation's top accounting firms for misleading government regulators and investors, yet there have been no prosecutions. in april 2012, valukas sat down with
man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >> on september 15, 2008, lehman brothers, the fourth-largest investment bank in the world declared bankruptcy. it was the...
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man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. . >>> good morning. and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. you've got the shirt. >> i'd like to approximately the viewers on this one. >> really? >> yes. >> our viewers can be cruel. >> or they could rule in his favor and overrule you. >> that will never happen with that shirt. that will never happen. making headlines -- making headlines -- you are making headlines. >> markets. >> a recovery team -- i'm short big time. i have a huge -- i'm like bill ackman on that shirt. that's the herba life of all times. that's a pyramid scheme. start towing off shell alaska oil rig near the coastline. all elements are in place for towing
man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. . >>> good morning. and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and...
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man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> the calm before the earnings storm. what's on investors' minds as the busy season kicks off today after the bell. mark fauber will tell us what he is seeing ahead. >> the next fiscal threat to america. we are doubling our efforts to rise above with wisconsin senator ron johnson, and former bb&t ceo john allison. >> and the latest read on how small business owners are coping with the debt ceiling debate, and what it means
man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million...
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man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >>> a bold prediction coming from market maven jeremy siegel. >>> should the sell the rally ahead of tuesday's big event? >>> wells fargo beats, but is it a buy? two traders will face off. carl, see you at the top of the hour. >> rocking the tie bar today. i like that. >>> despite best buy reporting some flat holiday sales today. should they stick with the retailers action or is it time for apple to drop best buy. rocco, welcome back. >> thanks. also the mayor, according to foursquare of cnbc los angeles. >> i know, i think we have to start paying you now. congratulations on that distinction. yeah. >> rocco, in a relevant black hole? is that fair? >> i would categorizes them as such. you know,
man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >>> a bold prediction coming from market maven jeremy siegel. >>> should the sell the rally ahead of tuesday's...
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bloomberg says vote for obama because of sandy. at this point, it's hard to -- i can't counter every -- it's almost like superstition, almost like throwing salt over your shoulder. let's go to number 6. number 6 on your list is china. you think the new administration is going to root out corruption. >> root out is a little strong. nothat would be a surprise. >> root out is probably a little strong. corruption is a problem there. i think they're going to deal with corruption because there's more transparency in china than there's ever been before. >> more pressure. >> a fair amount of pressure. >> that changes then what? in terms of the market. >> the chinese economy has done all righer last three years but the market has not. the surprise in that one is the chinese market, the shares appreciate 20%, that's the surprise. >> to politics, washington, number 5, surprise. you say the republicans will reverse their position and make a major effort to become leaders on immigration policy. explain. >> okay. the hispanic population of this
bloomberg says vote for obama because of sandy. at this point, it's hard to -- i can't counter every -- it's almost like superstition, almost like throwing salt over your shoulder. let's go to number 6. number 6 on your list is china. you think the new administration is going to root out corruption. >> root out is a little strong. nothat would be a surprise. >> root out is probably a little strong. corruption is a problem there. i think they're going to deal with corruption because...
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assume -- go back to hurricane sandy. suppose -- team is sent out to rescue people and rescue goods that are being in threat of being swept away. and comes to a shop and the shop has some valuable things in it that are about ready to be swept away. if the fire and rescue people don't cart them out of there, they're all going to be lost. and fire and rescue people say, okay, we're going to cart them out. we're going to protect them but we're going to take 80% of them to the firehouse. everybody would know that was wrong. it's also illegal. -- >> yeah but in the store owners position they didn't do anything wrong and put themselves in the path of that storm which is exactly what aig did. there was wrongdoing on aig's part. >> remember, the shareholders are the ones that are being punished here. >> but the shareholders are the ones who are taking the risk. when you are a shareholder you understand that you may get the upside of any profit but you also take the downside of anything that happens. >> of course you do. and the q
assume -- go back to hurricane sandy. suppose -- team is sent out to rescue people and rescue goods that are being in threat of being swept away. and comes to a shop and the shop has some valuable things in it that are about ready to be swept away. if the fire and rescue people don't cart them out of there, they're all going to be lost. and fire and rescue people say, okay, we're going to cart them out. we're going to protect them but we're going to take 80% of them to the firehouse. everybody...